Abstract
The main body of rational-choice literature aims to deduce the necessary consequences that result from the interaction of rational agents. In contrast, this paper shows how small accidents of history can determine the character of social life among even perfectly rational decision makers. The paper describes those circumstances in which the structure of interaction is determinant, so that random events are averaged away, and those circumstances in which chance events leave a permanent mark on the collective life of rational beings.
Keywords
Related Publications
Foundations for a Theory of Collective Decisions
This paper examines the fundamental problem posed by collective decisions for a social theory based on rational actors each pursuing his own interest. The problem is the absence...
Rationality and Intelligence
What is intelligence? Can it be increased by teaching? If so, how, and what difference would an increase make? Before we can answer these questions, we need to clarify them. Jon...
The moral dimension: toward a new economics
Contents Preface Acknowledgments Chapter 1: The New Paradigm: Underlying Themes PART I: BEYOND PLEASURE: THE CASE FOR DEONTOLOGICAL SOCIAL SCIENCES Introduction Chapter 2: Pleas...
Roosevelt and the Munich Crisis: Insights from Prospect Theory
The use of prospect theory to explain political decision-making challenges the claim of rational choice theory to provide a more convincing account of this behavior. Because Pre...
Emotional Intelligence: Why It Can Matter More Than IQ
Is IQ destiny? Perhaps not nearly as much as humans think. This text argues that our view of human intelligence is far too narrow, ignoring a crucial range of abilities that mat...
Publication Info
- Year
- 1997
- Type
- article
- Volume
- 9
- Issue
- 2
- Pages
- 189-213
- Citations
- 10
- Access
- Closed
External Links
Social Impact
Social media, news, blog, policy document mentions
Citation Metrics
Cite This
Identifiers
- DOI
- 10.1177/104346397009002003